Monday, December 31, 2012

It really does not matter what the U.S. Congress' glorified bean counters—hands dripping with the blood of innocent children—do to address the so-called "fiscal cliff." If anything, the U.S. Treasury's insolvency in fact no less sooner stands to be decisively exposed with any move to make permanent various income tax cuts whose original legislative mandate was intended a temporary reprieve on account of a generally proclaimed necessity to prevent the U.S. "economy" (read: dangerously leveraged casino) from falling into the abyss. Yet, paradoxically, should tax rates be allowed to increase with no action taken to avert this legislatively established outcome, then although momentarily improved would be cash flows sustaining a U.S. Treasury whose obligations have been on a decades-running path of parabolic increase, thus seemingly securing the future viability of Treasury's capacity to service its debt, capital available to sustain the derivatives-laden dung pile marked-to-fantasy on the books of money center banks necessarily would be impinged upon, and this to the effect of hastening the U.S. Treasury's demise via a mad scramble for capital, this, itself, subsequently resulting in collapsed tax revenues, as well as upwardly spiraling debt service costs.

The last thing scam-captured, Ivy League educated marionettes are likely to precipitate is a panic to raise capital (whose likes are sure to be instantaneously set into motion were the fiscal cliff's legislatively mandated increases in income tax rates to pass), particularly should this prospective panic risk decimating the U.S. Treasury market. So, making permanent lower income tax rates otherwise intended to be temporary no doubt presents the path of least resistance. Yet for how much longer will [trapped] investors in U.S. Treasury debt be inclined to sit back and continue trusting in financial claims whose likelihood of repayment will be diminished on account of a legislative mandate permanently lowering income tax rates? All the more troublesome is a reckless central bank committed to depreciating the purchasing power of these, the safest securities on the planet.

Have no doubt, Capo Confetti and crew understand the risk of an out-of-control hyperinflationary spiral into the abyss, the likes of which global central bank policy, indeed, is inciting. The very last thing these criminals desire, though, too, is circumstance leading to revulsion of the safest securities on the planet. Therein lies a parallel to the Japanese experience since 1989 worth pondering. To wit, Japanese government bonds have remained in demand notwithstanding the BoJ's Weimarization of Japanese credit markets. Yet trash at the bottom of Japan's capital structure remains in a death spiral (see the Tokyo Nikkei). The question is, now that there is no "safe" currency anywhere on the planet, can the trans-Atlantic banking system defy insolvency in any fashion resembling Japan over the past twenty-five years? Can credit markets be similarly propped up at the expense of equities? That's the only hope the trans-Atlantic might remain in limbo between its hyperinflationary blowout and its deflationary collapse. The only hope.

So, having been anticipating a likely, final lift higher [nominally] carrying major U.S. stock indexes to their best readings since March '09 bottom, and now appreciating the dire quandary at the core of the trans-Atlantic banking system whose path of least resistance finds a most pressing imperative in a legislative mandate to deprecate the viability of securities located there (U.S. Treasuries) does tomorrow's grave worry then come into view: how to fake government spending cuts (thereby pretending the U.S. federal government's debt load is manageable) without precipitating the banking system's collapse? Good luck girls! That's the first thing I have to say.

Beyond this is thought of a "new normal" wherein the past few years' trans-Atlantic experience seen running in parallel to that of Japan over the past twenty-five years rather appears now likely to imminently lead to entirely uncharted territory. As I detailed following Attilos' abysmal performance in his first presidential debate with Reb, there is every reason for congressional legislators to insist Wall Street just lllllooooooooves Treasury debt: in fact...just can't get enough of it. Cut spending? What for? Some phantom threat to the U.S. Treasury that has yet to materialize over the past 30-40 years? This in fact would be a lot like logic opposing reinstatement of Glass-Steagall, this on the grounds Dodd-Frank is claimed better suited to regulate our modern-day banking system (when in truth everyone in the know understands the banking system is one debt revulsion away from its total collapse).

The point here is an epic political battle in all likelihood is about to be waged. No matter how the tax side of the so-called "fiscal cliff" is resolved, the long-term viability of the U.S. Treasury will be thrown into doubt either way. Doubly so, should spending cuts be insisted upon, as the federal government over the past few years has been the sole source of demand sufficient to prop up a crippled and hopelessly insolvent banking system. All signs point to big, big trouble for trash at the bottom of the capital structure, and this even if the trans-Atlantic's mimicking of the Japanese experience somehow can be continued. Not at all far fetched, though, is possibility 2013 could be the year major indexes rapidly sink to levels last seen in the 1987-1994 period with mind numbing speed. Should a battle to reinstate Glass-Steagall, as well as erect the Third Bank of the United States win the day (as increasingly out-of-control circumstance otherwise gravely threatening the U.S. Treasury makes such ends both desirable and likely), then accompanying an epic political battle likely will be a financial collapse for the ages, have no doubt about it.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.

Friday, December 28, 2012

Uh-oh, looks like the poor, bankrupt Fed is up against the wall. Either that, or insolvent, imperial swindlers are really, really serious about demands for more death and destruction as price for maintaining the illusion of the market's supreme hegemony over the affairs of a nation led by heartless cowards...

No doubt, everyone in the Venetian insurance "industry" is busy these days updating actuarial tables, jiggering their calculations to correlate the supply of semi-automatic weapons with policy-induced increases in mental illness, and word must be out premium costs on many policies insuring swindlers and cowards alike are about to go through the roof, thereby squeezing out capital available to insure a hopelessly insolvent banking system's wildly mis-priced garbage. If only the Fed could easily hyperinflate these troubles away. Problem is policy sustaining insolvent, illegitimate debt is bound to sharpen the double-edged sword whose one side awaits runaway upward pressure on prices for supply constrained goods of every sort, and whose other side is a Treasury further pressured to impose but more death and destruction with consequence only likely to keep the insurance "industry" busily employed.

The magnitude of fraud sustaining securities at the bottom rung of the capital structure is rather exposed via fluctuations (or lack thereof) in the Volatility Index. Just how options premiums could be exploding upward in the current instance while remaining extraordinarily tame during the far more tumultuous October-November period is a matter for the Securities and Exchange Commission to look into, if only for the sake of humoring American death camp prisoners with another brilliant Sargeant Schultz imitation.

Notwithstanding my horrendous recent record of short-term market prognostications, a northbound goose still rather seems likely, particularly lifting the most hopelessly insolvent of all corporate offerings, which after all are the principal beneficiaries of the Weimar School's largess, at least for the briefest of moments. All being in the court of King Swindle, no doubt a rumor mill whipped up to a fever pitch with anticipation for a "deal" avoiding a contrived "fiscal cliff" propagated by the friend of al Qaeda in the White House in collusion with Capo Confetti is being greased to carry the frenzy into the new year, this that wiser weak hands might stuff the dumber among their brethren with dearly priced shares for which hope might be maintained for some duration lasting months, if possible, before the feces finally hits the fan, and this quite likely to the effect of shorting out the motor whose turning convinces those most mentally ill yet to be thrown on the human scrap heap that the Federal Reserve is anything but bankrupt. I'm betting that, by and large, we are going over the cliff, and fulfilled will be the intention to ratchet up death and destruction blessed by cowards whose insanity is covered only by a thinning veneer called an Ivy League education.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.

Thursday, December 27, 2012

One market revealing the counter-productive effect of Capo Confetti's hyperinflationary bailout of hopelessly insolvent U.S. money center banks trades a metal whose use throughout the physical economy is ubiquitous. It goes by the name Dr. Copper...

Since the trans-Atlantic banking system's summer 2011 tumble over the edge of the euro-tomb, the global physical economy's shutdown appears to be proceeding apace. Any strength showing up in the spot copper market over the past year largely appears on the coattails of successive, central bank hyperinflationary deluges, or their mere promise, and these evidently are being met with increasing urgency to sell the metal.

The question now is whether the last pillar supporting the trans-Atlantic banking system—the U.S. Treasury—is about to be kicked out. A certain friend of al Qaeda cutting short his Hawaiian vacation and rushing back to Washington hoping to secure a fraudulent "deal" facilitating a substantial increase in the U.S. Treasury's debt ceiling evidently is determined to see that it is.

How many blind fools there are supposing good intentions underlie the bailout regime! How is it these people refuse to acknowledge the current administration's policy but continues that of every administration before it (since Nixon, generally, and Reagan specifically), each inexorably marching the U.S. Treasury toward bankruptcy? Only buffoons cite Clinton's as an exception to this trend. The ugly truth is a gutted physical economy masked by a fraud-riddled casino sustained by a debt trap invariably exposes an intention to prostrate the U.S. Treasury before an unnatural, ungodly, imperial oligarchy whose utter lack of humanity stands judged indifferent to a state of affairs perpetuating increasing incidents of mass murder of the most irrational sort.

Now consider the euro-tomb crises of the past year, and how these have been managed to the effect of forestalling any reckoning that might reverse the perilous course on which the United States has been embarking over the past forty years, while conditions conducive to all out war have been relentlessly cultivated. First off, and as an aside, should we expect anything less from a political class with an unmistakable penchant for policy accommodating death? How any U.S. institution can back policy whose effect in Greece is leading to the rise in popularity of a neo-Nazi party is, itself, treason of the first order! More critically, though, what better way to destroy the United States than lure it into war against a formidable foe like Russia at a moment finding the nation's industrial base severely atrophied, while only its irrepressible pride and a huge stockpile of nuclear weapons, most notably, remain impregnable. It may take a bit more time and circumstance before a conflict of such magnitude becomes an imminent danger, but what of intrigues hastening this end? What of a president whose ill-advised alliance with al Qaeda in Libya and Syria condemns his administration to being more easily manipulated by true enemies of the state?

The point to be made here is this. Anything facilitating exit from the black box containing policy conducive to death and destruction is worth pursuing, particularly when the fate of the United States hangs in the balance. Per twenty dead innocent angels slaughtered in a society jam packed with mentally ill who have been left to rot in culture consumed with vain fantasy, who among the sane will demure from keeping alive the memory of this shameful tragedy insisting human dignity take precedent over concerns for a mountain of illegitimate debt otherwise doomed to collapse? A so-called "fiscal cliff" effectively exposing the U.S. Treasury's bankruptcy even this very moment? A debt ceiling otherwise animating treasonous, imperial tools? All present opportunities to insist on a new order cultivating life possessing endless potential to grow and prosper, both individually and collectively as the planet's supreme species, while lessening any threat of mass murder on an unprecedented scale.

No shortage of circumstance exposes a casino economy extraordinarily vulnerable to a sudden revulsion of its wares. Irrational social tragedies of late are but a manifestation of this revulsion. In addition the physical economy's challenged state, having endured decades of disinvestment, and now, hyperinflation induced pressures on profit margins, rather is making it tougher to fake expansion amidst increasing shortages, be they born of natural causes (drought) or man-made (induced marginalization and shutdown), as well as relatively depressed demand—itself somewhat astonishing, given the magnitude of efforts to stimulate it, yet altogether not surprising given a fascist policy purposely restraining it.

If, supposedly, the public sector debtor possessing a still highly rated creditworthiness need restrain its voracious appetite for credit, what of an increasingly challenged private sector yet further lured into a debt trap as the bailout regime has been recklessly perpetuated? Those who believe debt securities a bubble whose bursting portends happy days for equities are completely out to lunch. When bond markets blow out, as invariably will happen, nothing will be safe, and this most emphatically includes life itself.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.

Wednesday, December 26, 2012

Oh boy, the busy little scamming beavers are at it again. Our criminal Treasury Secretary, Saint LIBOR Fraud, says we's gonna hits the debt ceiling by Monday, good God! Already amply proven to be even less of a constitutional scholar than his boss, il Duce Attilos, it's a safe bet were his coming weekend spent studying the U.S. Constitution's 14th amendment, even limiting inquiry to but Section 4, Saint LIBOR Fraud still wouldn't find the balls to declare the debt ceiling unconstitutional. Let's be honest, his swindling paymasters of British allegiance directing the Bank of Mass Murder simply wouldn't allow it. Which is not to ignore Timmy's love for kissing Venetian butt, as his AIG bailout more than adequately documented.

We who despise the criminal enterprise cultivating mass murder welcome a trip over the fiscal cliff and the heavier tax burden it will create in this climate of want terribly difficult to mask with cynical pleas claiming a fragile recovery is at risk of being lost when nothing of the sort in fact exists but in the minds of fantasy-driven scammers. Add to our outrage over the most innocent of our citizenry butchered like pigs in a slaughterhouse will be a heavier tax bill paying for ... absolutely nothing. Bring it on! Please, we're begging you, worthless murdering thieves, bring-it-on.

Let me be clear. This false debate over tax rates is absolutely unnecessary. The income tax is as much a barbaric relic as is the gold standard. There's simply no need for it. Ditto property taxes: another imperial swindle. Everything this government needs to operate could be principally provided via excise taxes on goods and services over which it maintains a monopoly. I can think of several things whose provision stands to benefit each and every citizen, and for which there is no need for competition. The Bank of the United States is but one of these. Yet this institution could be directed by a Congress not so captive to imperial sophistry (like that rationalizing a "free market," the likes of which is prone to facilitating mass murder once "free" has been qualified to mean "free to swindle") for providing financing for the build out, maintenance and upgrade of such vital material components as make for a private enterprise empowered to flourish upon a state-of-the-art physical economic platform. The provision of electricity to power industry, as well as fuel facilitating transport are but two specific areas over which government could maintain a monopoly in such a fashion as makes it both the lowest cost producer possible, as well as generates sufficient revenue necessary to honor every public servant's pledge to uphold and defend the U.S. Constitution. In the realm of services the catchphrase "Medicare for all" should be regarded in the same light. Here again, government could be the lowest cost provider of health insurance and at the same time find means to finance its rightful operation without so much as imposing any burden, but rather providing something every citizen will value and, indeed, gladly pay for because it can be had no cheaper.

Put away any thought this is impossible. In the United States of Make Work and Money Grab whose citizens have been dumbed down frightfully and burdened with a debt and tax liability impossible to sustain, thus inexorably leading to physical economic breakdown to such a degree as has heightened everyone's vulnerability to becoming a victim of mass murder, nothing now is impossible. Soon enough imperial swindlers will have lost all cover for pretending the world as we once knew it is near being restored. Indeed, to my way of seeing things this cover was lost on December 14, 2012, a date that, too, will live in infamy, with December 24th coming in a not-so-distant second.

All planning aside for the fast approaching date when Team Fraud has lost all legitimacy and of urgent necessity will be the build out of a nuclear-fueled economy whose capacity will bring power to obsolete hydrocarbon fuels while ushering in the hydrogen age, Saint LIBOR Fraud probably is signaling that, at least an extension of the current day's tax rates could be approved by the lame duck 112th Congress before the end of the week, this with today's fear mongering wielding an illegitimate debt ceiling he claims will be reached by next Monday. Of course, being the criminal scum he is, Timmy's intention is to coax il Duce's "grand bargain" whose real name is mass murder committed by cowards loyal to a Venetian-modeled oligarchy, who likewise are too afraid to take the bullet once their dirty deed is done.

So, with all technical indications still suggesting the market is poised to move higher—yet with every reason to believe there is a ton of overhead resistance restraining the heights to which garbage at the bottom of a fraud riddled capital structure might leap—we can cut through the crap likely to be spewed from a rumor mill operating deep with the territory of the land of the impossible and guess the nature of glorious salvation our bought-and-paid-for so-called "leaders" will be able to muster closing out the year of the fake frosted with the mass murder of innocent children, as well as public servants so decent as to volunteer their services. January 2013 might even begin with appearances of victory, but I doubt very much this is how it will end...

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.

Monday, December 24, 2012

And the Weimar School's mass murderous rampage marches on. This time right in my own back yard! I was awakened today by the sound of gunshots ringing out in the early morning darkness. My mind being in a fog I thought someone outside was pounding a stake into the ground with a hammer. Although at such an early hour this seemed odd, I did not think much of it—could have been someone securing Christmas decorations that fell in the wind, I sleepily thought. Not until 8:00 a.m. did I learn what was going on about a half mile away.

It would be disingenuous to express any shock this kind of thing could happen here. Truth is such irrational outbursts claiming the lives of innocent people are only more likely to happen anywhere and everywhere, and with greater frequency to be sure. What goes around comes around. The mentally ill having been thrown on the scrap heap by the mentally ill educated in the Ivy League now brings us full circle. It's as simple as that. Yet how such mental illness has been perpetuated, though, leads us to the place where the Weimar School rightly stands indicted for mass murder. Here, too, we can conclude this end is intended, and so criminal indictment should charge the U.S. Federal Reserve with murder in the first degree. Sealing this indictment, as well, is a charge of sedition. On every matter of principle for which the U.S. Constitution gives our federal government its legitimacy—establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare and secure the Blessings of Liberty—the U.S. Federal Reserve and the [hopelessly insolvent] banking system it animates are mechanisms promoting treason. Those in Congress who with unending complicity offer cover for this criminal enterprise stand condemned as accessories to mass murder.

The time is come we face this reality and fight back. Here is where those who profess we must each take personal responsibility for our own actions need in fact step up and walk the walk. Squirming murderers who attempt hiding their guilt behind a fictitious "fiscal cliff" must not be given quarter to conceal their evil any longer. Their rationale for shutting down the U.S. physical economy over the past forty years and erecting a debt trap, this while both dumbing down the citizenry and abandoning the mentally frail, is a sophistry sandwich whose meat is rotten and whose stale bread gone moldy no longer hides the disease with which those who eat it are consumed.

As you know I am no supporter of Ron Paul, as his cure is worse than the disease whose symptoms we otherwise agree upon. Truth is the philosophical battle pitting Thomas Jefferson against Alexander Hamilton was settled during the very early years of our republic. The government formed by the supreme law of the land is rightly disposed to provide the means by which that government's imperative can be satisfied. This was the determination of our nation's first president, George Washington, made in agreement with the case argued by his administration's Treasury Secretary, while the disputed object—the Bank of the United States—likewise was subsequently confirmed constitutional by the U.S. Supreme Court. A national bank anchoring a Federal Reserve System reorganized in bankruptcy offers a cure to our mass murder pandemic born of an institutional madness that is as well all too friendly to a fascism featuring the rule of the few over the many who otherwise have been turned into a millions-strong, docile herd of dumb cattle. Your expressed knowledge of this and outrage over political resistance to the cure, challenging your representatives to prove their loyalty to your best interest (with twenty dead children and now two dead firemen their proof to overcome) has never been more needed and, indeed, necessary. Productive work whose added, potential physical wealth creating capacities likewise would stand ready to be infinitely leveraged to the benefit of all posterity is in no shortage. What rather is scarce is but political will to remove subversives, starting right at the top with a damned murderer and working down the line on a bi-partisan basis to be sure. These scum bags whose media support is failing in the face of irrationality expressed with semi-automatic weapons are problem #1 whose solution will succinctly reveal yet again how the pen is mightier than the sword.

So, why don't you get to work. If failing your capacity through no fault of your own is ability to creatively express your sense of the evil vexing our society and what must be done to fight this, then say what you feel about what I have been writing since the December 2012 Day of Infamy, and send your thoughts to where you know in your heart they must go. It's easy enough in an email to provide a link to any post here whose poignancy speaks your mind quite well. One elected representative and one constituent at a time is all either you or I need concern ourselves about right now. Any mass movement to be grown is but a function of a will to live that is more than ready to overcome all that is suicidal. Abundance Christians celebrate in this season of joy should bring faith, indeed, the harvest is plentiful.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.

Friday, December 21, 2012

Perfect timing! The larger world is playing straight into the hands of brave American women right now. Just today the Russian parliament extended its empathy for everyone's heartbreak over last week's Newtown massacre, providing a spark further igniting our righteous outrage against policy fueling mass murder. The Russian parliament today banned the adoption of Russian children by Americans! Evidently, Russia sees quite well where things in the United States are headed.

Who can blame them? Certainly not the N.R.A! Did you see what this group came out with today in response to last week's slaughter? Joy, more American men living in fantasy land.

How useless is this organization, proposing U.S. municipalities man every school with an armed police officer? How out of touch with reality! Do these people not know municipalities all across the country are going broke in a deadly experiment being conducted by the Weimar School of mass murder cultivation, otherwise known as the U.S. Federal Reserve? Someone needs to educate these folks!

The N.R.A. certainly could broaden its embrace of the U.S. Constitution. Its regard for the second amendment provides not nearly enough basis for it to form credible policy recommendations, if I might state the obvious. Their need is a wake up call to the politics of abundance whose tapping is the key to peace no matter how much heat we're packing. The N.R.A. either will vigorously support a Hamiltonian national bank, reorganization of the banking system along Glass-Steagall lines, and major land and water development projects whose residual effect would enhance the natural environment sustaining a burgeoning wildlife population, or risk its own extinction, as well as doom the right to bear arms for that matter.

How does this organization propose defending the constitutional right to bear arms with policy recommendations not even fit for a dream? Truth is if we could pay for the police protection the N.R.A. counsels, that protection would be unnecessary. This sheds light on what our economic goal should be, then. Abundance whose excess far exceeds the needs of every living soul, be they among an honorable majority whose spirits would be well satisfied in an advanced—cutting edge—physical economy created with a concerted political will that refuses to be denied, or be they curmudgeon marionettes of today's tyrannical, murderous, Venetian-modeled oligarchy who, if nothing else, reveal the American Revolution in fact is an ongoing war. Victorious in battle for a state promoting abundance, we certainly would better know this latter group's doings, as well, and so hold their deeds in check, as abundance achieved naturally would see to this to be sure, thereby, too, freeing police from any need to militarize our public schools.

Now, one should wonder how a concerted political will insisting upon institutional arrangements promoting abundance might come to be. Well, consider the fast approaching prospect a U.S. state governor whose state's finances are in complete disarray might move to organize a mortgage foreclosure moratorium targeting the money center banks Capo Confetti is bailing out to no end while leaving states and municipalities to twist in the wind. Nothing like an attack on the bottom line of imperial swindlers to force a favorable change in federal policy. You have to wonder, too, whether Connecticut governor Dannel Malloy might have been already moving in this direction. If by chance the FBI is leading the investigation into the Newtown slaughter, doubly is suspicion raised that circles around the governor were the massacre's actual intended targets, particularly with there having been several initial accounts of a second gunman quickly erased from any consideration, and this without any investigation whatsoever having commenced. Anyone from the N.R.A. or otherwise remember what went down in Dallas, Texas on November 22, 1963? Within a half-hour following President Kennedy's assassination the Dallas police department "knew" its prime suspect was Oswald.

It occurs to me, too, issues surrounding gun control are a lot like concerns involving the solvency of Social Security and Medicare. All reflect symptoms of our national nightmare—our bankruptcy on several fronts—manifest in the politics of scarcity (a.k.a. imperialism). These concerns, though, rather serve as barometers revealing how far we have flown from the politics of abundance, the likes of whose fostering the U.S. Constitution in fact is formed to accommodate. Thus is a Congress consumed with concern for the U.S. Treasury's outlays only indicting itself as an unconstitutional actor led by men and women filled with treason. It stands to reason, then, that before the murderer in the White House can be constitutionally removed, the "leadership" in the House of Representatives first must be purged.

So, ladies, forget about the N.R.A. This organization is irrelevant and, if I might again state the obvious, apparently quite bent on being so, as well. Rather focus your outrage on the so-called leadership in Congress whose hands are dripping with the blood of children, and specifically to our legislative body's representatives who might conspire to remove the names Boehner, Cantor, Pelosi and Hoyer from their leadership positions in the House once the 113th Congress commences in January. These four are proven sold out—themselves murderers—be it by accommodating the hyperinflationary bailout of hopelessly insolvent money center banks or killer cuts in federal spending attacking the weakest of our nation's citizens. Both represent two sides of the same coin whose currency is treason.

Now, about the market. I am positively certain it is going higher into year end, this, of course, via the scam superhighway exploiting a badly broken price discovery mechanism all the more easily goosed while those who can afford a vacation are out of town. Likewise, I am rather sure the insolvent fakes who will be juicing the bid over the next couple weeks are on their last leg. As December 14, 2012 is a date, too, that will live in infamy, by all indications there will be a further bloodletting, even if only symbolically, resulting from outrage not likely to soon die out, much like that following the Japanese attack on Pearl Harbor. The "fiscal cliff" is a dead issue, and doomed are marionettes who still wish to play it up. Instead, a Wall Street Transactions Sales Tax paying for national public school police protection is fast moving front and center. Do you think the dummies at the N.R.A. might at least get behind this initiative? My advice is don't hold your breath...

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.

Thursday, December 20, 2012

Brave women of America, your outrage is urgently needed. There is but one place, and one place alone, where righteous disappointment toward government should intersect matters of accounting—at the doorstep of 20 slaughtered school children—and yours is power to keep attention on this place until there is satisfactory redress for every lost daughter and son. "Fiscal cliff" be damned. If we have to tax financial transactions 50% to stop the slaughter, then so be it. There are no greater defenders of children than women. Let disappointment in the body politic rightly rest where policies indisputably are proven vile, bringing shame beyond compare to every living American.

Do you hate liars? Do you demand honesty? Bouyant financial markets pretending to defy our banking system's insolvency and our economy's dysfunction are in fact both born of policies encouraging the mass murder of children. Congress' hands are dripping with their blood! Bernanke, Geithner, Obama and many, many others can be tolerated no more. Their failure reaches beyond the unbearable. Forgive? Yes. Forget? Never.

You might recall some weeks ago my suspicion a new December infamy might be in store. Well, we got this in red again on December 14th. If this president will not rally Congress and the nation to fight, calling those of us among the living to avenge this evil attack, then in the memory of Newtown's slaughtered, a game of pin the tail on the donkey is quite in order now. No need for a blindfold. Pretending blindness has seen its last child.

So, about that Hamiltonian national bank. Cuts in health care, Social Security and other domestic programs, the likes of which a weak Shadow Greek Prime Minister heartlessly offers up to Team Fraud's "fiscal cliff" nonsense, well, with a national bank these cuts would go away. They would be unnecessary. Simply as a function of millions of new jobs created—these principally engaged in major projects of a long-term nature financed via a resurrected national bank issuing credit, the likes of which will forever bless our generation and today's children with abundant life to the fullest—will revenue defying murderous Scrooges then be on a sure path to increase. Truth is there is more work to be done than you can shake a stick at. It's the "why," ladies, you must vigorously impress. One day children become adults. Who best to commit to meeting the challenge of creating a world that is ever an inviting wonder defying heartbreaking disillusion? Here, then, is one man imploring your advantage in power to get 'er done.

Moving on...

Here's a possible view forward we should consider credible at this point. It presents a prospective "double zig-zag" up from March '09 bottom (i.e. a-b-c-x-a-b-c). I'll detail the second "b" wave in a moment (i.e. wave (b)).

Technical matters supporting this possibility range from the NYSE Composite's still rising momentum (see MACD) to the absolute positions of both the index's relative strength and momentum measures. On this latter account what have been to now (and still are) considered negative technical divergences give way to observation wherein each measure's muted, absolute value might be supposed leaving "room" for the market's further gain, particularly given that each measure still remains to the positive side of its respective range.

The lower line of the channel containing the five waves forming the fifth wave of wave V (whose beginning is at the market's 1974 bottom and end is at October 2007 top) is likely to be where overhead resistance to any further advance develops, that is if these loftier levels are approached at all. More on this latter consideration shortly.

Formation of the second "b" wave in a prospective "double zig-zag" unfolding off March '09 bottom is detailed above. Duly noted is that, the worst technical state registered during formation of wave (b) occurred while its "c" wave unfolded into early-June 2012 bottom. This circumstance goes some way, then, to confirming this wave count's possibility.

Now, seeing that those who charge Wall Street with using every sort of accounting trick to avoid paying taxes are finding their accusation confirmed in the face of a capital gains tax set to rise from 15% to 20% once we go over the "fiscal cliff," and notwithstanding this the market continues its steady ascent, we now have to ponder the "day after Thanksgiving effect" with there being two holiday-shortened weeks ahead closing out 2012's trading. You remember that fraud, don't you? A big gap higher at the open and a jam job beyond compare going into that day's 1:00 p.m. EST close, lifting intra-day relative strength to an extraordinary extreme with very few precedents, all this, too, on weak, weak volume displaying no exceptional demand underlying the bid. What are the odds this dynamic will appear again (and again and again quite possibly after that) during what typically are a couple of the quietest trading weeks of the year, the likes of which are upcoming?

Yet here we are, too, amidst technical circumstance similar to that leading to the market's April 2010 top. In fact it's appearing fairly late-March-ish. So, "room" for the market's further gain, time-wise, finds an earlier precedent via the above contrast of the NYSE advance-decline differential's 10-day moving average (blue line) versus its 200-day moving average (red line). Then, too, per what might be anticipated in the way of NYSE advancers versus decliners over the next two weeks while a badly broken price discovery mechanism quite possibly is manipulated to the fullest leads to anticipation of technical circumstance like that during April 2010, as circled above.

Alright ladies, get to work. Scream like you have never screamed before. The butt munchers in Washington must hear you and be filled with fear paling anything they have ever known before. If children must suffer this, then so too these sold out, heartless pricks pretending to defend life, liberty and happiness.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.

Wednesday, December 19, 2012

It's the question everyone wants answered. And how can I resist adding my two bits expounding on the technical tea leaves brewing from the stock of a company that, well known and respected hedge fund manager Bill Ackman has called "little more than a 'pyramid scheme'?" All the more given the timely segue such language provides to commentary on Fed policy from the age of King Ponzi, Sir Greenspan, to today's doctorate offered at the Weimar School of mass murder cultivation.

Before we begin, have you seen the pictures of the innocent angels? Heartbreaking. And to think of what otherwise might have become of their killer, too, reported to be an intelligent young man, had the nation of my childhood which had risen to the challenge of murdered president John F. Kennedy delivering men to the moon and returning them safely, accomplishing a most challenging task within the decade of the 1960s, rather than succumbing to the sophistry of imperialist money changers who wrecked the Bretton Woods System, instead leveraged the nation's investment in space such that at this date fifty years later was colonizing the moon and creating a physical economy whose productive capacities spanning every humanist discipline positively would put to shame today's slaughter house. Even the most awkward and socially challenged evidently hunger for power over life. What more of all the world might be presented it in endeavor and spirit winning the hearts of children at the cutting edge of physical projects changing the social landscape, much as astronauts once did? A sense of hopelessness is growing among young people, and this the world over An essential element of civilized humanity is missing our collective command. The battle lines in the mainstream are weak distractions and have been this way much too long. A mostirrational mass murder rather vividly proves this now. We certainly should better appreciate why the U.S. is called "the home of the brave," as well. More importantly elected representatives. A profoundly patriotic outrage, too, pouring from the Ivy League is long overdue. May I suggest this venom be satiated only with the creation of a Hamiltonian bank?

And speaking of bank, looks like Ackman is about to...

Herbalife's April 2012 rather bears marked similarity to the Dow Jones Industrials of October 1929 and the NASDAQ Composite of April 2000. In both instances there was much more selling yet to come. So too does it appear here.

Herbalife's noted volume in the 2007-2008 period suggests shares were being accumulated over the interim, keeping prices levitated and its relative strength in fair balance between buyers and sellers, as well, never reaching any absolute extreme.

Then came collapse of Adam Smith's Leveraged Ponzi scheme in '08 and accumulation was done. Subsequently, shorts were programatically squeezed to the high heavens, with Herbalife's price driven up manipulating appropriate mechanisms of price discovery, generally speaking, to the point when those accumulating HBL in the 2007-2008 period, after having lifted its price as far as its thinning new interest would bear, bailed out in a big way in April 2012.

One other point of technical interest here are upside RSI extremes I have circled. From these relative strength peaks has seen a weakening whose damage in the present instance has been deeper, but never extremely so in an absolute sense (i.e. RSI below 20). So, there's "room" for worse. Finding in place now a technical reaction displaying balance between buyers and sellers (both per relative strength and momentum, i.e. MACD), a short seller fanning the flames has brought to CNBC Herbalife's CEO for an excursion down Alan Schwartz Lane, and soon enough his pain, too, it appears.

Bottom line, buyers weren't terribly interested in this stock when it rose from $6 to $60 off March 2009 bottom. Why would they be anymore now after April's dump? Which is not to suggest an extension of the "we're hyperinflating the banking system, but not really" charade lasting sometime into next year will not result in HFT's momentary save back to the mid-$50s or so.

Everything right now really depends on whether the ECB (a.k.a. the Brussels Reichsbank) will be coaxed to a full Weimar stature. Sylvio Berlusconi is playing his part. Says Italy will be forced to leave the euro if Germany doesn't pony up the European bet calling Capo Confetti's latest raise. In other words, Italy is in about the same mood for austerity as is the United States. The only difference is over there politicians have courage enough to put it in London's face.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.

Tuesday, December 18, 2012

Apparently last week's negative price reversal following Capo Confetti's double down on his monthly subsidy paid into an insolvent banking system dialed up panic among weak hands flush with garbage possessing no prayer whatsoever of anytime soon seeing conditions justifying its wildly overpriced valuation. Yet a broken price discovery mechanism principally being all that remains at their disposal nevertheless is at this late hour only thinly veiled by a rumor mill peddling hope residing well past the border of fantasy and deep into the land of impossible.

Fortunately for bankrupt scammers no one being forced to observe the emperors new clothes possesses the wherewithal to repulse each new markup of what are otherwise threadbare loincloths, the likes of which the market's minions still generally insist are worth their weight in gold. However this does not change the fact we are all watching a game of musical chairs, with but two players remaining: hyperinflationary blowout and deflationary collapse—the former being far more insidious, as contraction it masks is accomplished with a smokescreen making even the sudden appearance of mass murderers seem an inexplicable anomaly whose increasing occasion is only destined to be sooner shrugged off and forgotten in a broadening, desperate scramble for survival rendering evils otherwise shocking and outrageous rather unimpressively common.

Indeed, slowly but surely the United States, step by step, inexorably has been moving in this direction over the past forty years. We can thank incompetent monetarists—fascist goons—educated at the finest Ivy League schools for the pleasure of suffering the misery their policies doom. Only the more offensive is this moment finding a mass killer elevated to the highest office in the land where life once deemed an unalienable right now has a price at which its burden unilaterally and without due process is condemned.

A fair tragedy today truly is anyone thinking this view off base, finding the market's resilience formidable proof that, if all is not well, things certainly are getting better. Yet we might concede, too, this logically would be the mindset of those who have been duped. Are such not generally in the majority when the market comes unglued? Yet once again we shall likely see the more things change the more they remain the same, as King Solomon keenly observed some several thousand years ago.

"She is the first monarch to attend cabinet since George III, during the premiership of Lord North when the American war of independence was raging, and the first female monarch to do so since Queen Anne."

Ra-he-he-he-ly! All the more interesting is this is following on Her Royal Bankruptcy's visit last week to the Bank of England. This one was a beaut! The Duke of Deadly Virus was "typically direct," saying "Don't do it again!" His exhortation followed an inquiry asking, “There's not another [crisis] coming, is there?”

Don't do it again? Are we admitting some sort of guilt for which wronged parties might rightly seek restitution? Or was this the publicly spoken misdirection paving the way for phase II of the American recolonization project? Could the Duke's command instead be instructing the BoE halt QE, a move whose effect would likely send bond and currency markets into a tailspin?

Team Fraud's panic has gone manic. Yet another gap higher in the NYSE Composite Index(!) at yesterday's open and once again today. Icing this is relative strength just off the charts. Sell into strength and so display a healthy measure of fear? These people can't push up fast enough the garbage strong hands for years now have shunned.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.

Monday, December 17, 2012

Hey, did you hear the big news? Meredith Whitney believes Bank of America might quadruple its dividend in 2013! Why this would raise its yield to over 1%! Guess grandpa won't be needing that Cialis prescription anymore...

Sorry, but garbage whose fortunes depend on a falling rate environment and improving income prospects otherwise urgently needed to prop up a mountain of insolvent real estate debt and related derivative securities the Fed in fact has been loudly proclaiming are still choking the banking system have all the promise of a golden renaissance in American manufacturing, that is as long as Capo Confetti is raining free passes on the gods of zero due diligence and other reckless business practices, thereby ensuring the shutdown of the physical and financial economy accelerates. Indeed, with its policy now no longer escaping the vocal condemnation of the German Bundesbank, we might like to check what portion of the Fed's monthly subsidy is propping up the Bank of Meredith (likely lumped under "Other," where CME and CBOE ops, too, probably are being funded).

Seriously, she couldn't have waited until, say, sometime early January when the so-called "fiscal cliff" might then be resolved, a feat whose intended gutting of federal spending thereby presumably would "insure" the market would have no need to front run a U.S. Treasury threatening to "crowd out" the private sector? And we are all just simply to ignore the fact the Fed's hyperinflationary bailout policy finds a massive bond market utterly complacent with the prospect of seeing the purchasing power of its investment shredded like a flag in hurricane winds! Truth is if rates go higher, the banking system is finished.

Why don't we just have a look at a couple of the better known darlings Meredith has suddenly taken a liking to...

Let's hope the Bank of Meredith is uber liquid, because Bank of America's weakening technical state soon could find it in need of being absorbed by a "stronger" peer. All I see, beyond trapped weak hands massaging Bernanke's pockets, is long interest patiently biding time to get O-U-T (which is more than you can say for AAPL these days, where the rush to beat the "fiscal cliff" tax hangman is just one tainted Chinese fortune cookie from turning into a stampede).

Mirror, mirror on the wall, who's the second pig in Meredith's stall?

Citigroup's on-balance volume has the look of Titanic. If that's accumulation, then there's good news for Citigroup shareholders. The Bank of Meredith is buying!

I had to go here tonight because the wards of the [insolvent] state were the standout leaders during today's trading. With absolutely nothing in the broader technical realm deviating from that precarious condition otherwise noted here over recent weeks and negative divergences everywhere, the utter fake that has been 2012 still stands out with far greater distinction than the heavily subsidized manufacturers of smoke and mirrors evidently are inclined to either fathom or admit. Isn't this always the way? How many landmines do these people think are impervious to the weight of trillions of unbacked dollars, never to be withdrawn or repaid with currency matching today's purchasing power?

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.

Friday, December 14, 2012

Our Father who art in heaven
Hallowed be thy name
Thy kingdom come
Thy will be done
On earth as it is in heaven
Give us this day our daily bread
And forgive us our trespasses
As we forgive those who trespass against us
And lead us not into temptation
But deliver us from evil...

I have paid no attention whatsoever—none—to reporting from Newtown, Connecticut given by an idolatrous, British royalty fawning U.S. television media regarding the evil visiting that town today. Only a handful of print stories did I in fact read. Connecticut Governor Dannel Malloy certainly was spot on to be sure, specifically calling the deed taking the lives of innocent angels "evil." In its wake my mind has turned to contemplate "Thy will be done" taken from "The Lord's Prayer."

In case you have not figured this out yet "The Lord's Prayer" is the very definition of God. Its essence is right focus on the idea (which is all mankind is given to understand). Now, how does one know this about the prayer and have no doubt? Well, a certain clue is given in the words "and lead us not into temptation." One's reaction to this statement ought rightly be "well, of course not!" This simply is not the way of a God whose every manifestation displays abundance, the likes of which relegates temptation to the realm of the foolhardy, which obviously is not the domain in which truth—the so-called "kingdom of heaven"—operates to eternal effect. Thus is it clear the Lord's prayer is no petition. Rather it is a statement of God's defining essence, that those who meditate upon it will act accordingly in both thought and deed for the sole sake of manifesting perfect understanding of the very purpose for which their lives are given but a brief moment in time to become the name associated with that facet of God's abundance their lives have been called to reveal. Only in perfect understanding will those "called" have any hope of ever becoming "chosen" (which is to say meet the resurrection, wherein theirs is eternal life with the God of Abraham, Isaac and Jacob, who is not the God of the dead, but of the living).

So, about "Thy will be done on earth as it is in heaven," Americans have freedom to speak of sight that penetrates the tears of a rage filled, murdering president whose crimes make those of Adam Lanza pale in comparison. Yes, even children, and in greater number, this president has murdered through his advocacy of drone warfare, and yes, some were as well Americans who presumably are endowed by their Creator with certain unalienable rights. And here he is likewise bowing like the weak coward he is to the demands of a momentarily wealthy oligarchy insisting government services be cut to the bone—these, of course, will include police protection and social services meant to defend the God fearing from those who are consumed with demons—that the illusion of their earthly treasures be sustained, when in fact, given current circumstance, this is impossible. Let's not forget, too, the limp slap on the wrist this administration has given to those banking institutions of British origin whose profit from the drug trade comes at the cost of, again, but more children's lives the world over. This man is unfit for office, as likewise are those representatives in Congress who play along in the evil game of sophistry called party politics, thinking we can focus on gun control and this will be the end of it. Particular attention to this latter group is called to those in the House Judiciary Committee who this week voted down H. Res. 819 submitted by Representative Dennis Kucinich. Cordiality might motivate a sitting member of the House of Representatives to praise the committee for even taking up the matter of the administration's secret drone program, but in the wake of the Newtown, Connecticut massacre thissimplywillnotdo.

"Thy will be done." The murderer pretending to be a U.S. President positively must go. This evil whore of a bankrupt aristocracy whose so-called riches, let alone whose very lives, are on the verge of being consumed in the fiery wrath of truth wherein soon enough will be revealed the "moth and rust" that destroys foolhardy servants of [hopelessly insolvent] mammon, in fact demands of those far less well off beneficiaries of blood shed for the cause of eternal salvation achieved in both the spiritual and political realms thoughtful acts of courage relegating usurpers to their rightful end in eternal condemnation. For my part and for the souls of murdered children whose lives were cut short in a culture skilled at masking political cowardice so great that, it would seek its further gain amidst tortured memory honoring six and seven year-olds possessing courage infinitely greater than our nation's elected leaders, this is my humble contribution.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.

Thursday, December 13, 2012

Here's another problem with Capo Confetti's vain, ultimately hyperinflationary policy feeding the illusion that, the Fed possesses power to bail out derivatives-laden garbage choking the U.S. banking system: suddenly, the keepers of such trash are made to appear viable, and thus more attractive (thereby explaining why banks and financials have been holding up so well since September).

This would not necessarily be a terribly vexing problem were it not for the fact that, the U.S. banking system's uber-levered trash is in no small part correlated with garbage stuffed into the euro-zone's banking system (with much help from London, of course) by way of the euro scrip scam.

What is a euro-zone investor to do, then, having only a Brussels Reichsbank with no seamless, robust Treasury backstop to "insure" the European banking system does not suffer a systemically threatening run? That's right, move capital to a place where such risk appears less likely to develop.

You have to wonder whether the Fed understands this. Likewise, might it be inciting another "damned if they do, damned if they don't" dilemma. Namely, on the one hand a run on the European banking system lifting the dollar (and, more critically, sinking the euro), which the Fed's unilateral bailout policy seemingly invites, and this probably undesirably, and on the other hand capital controls imposed on the euro-zone whose effect could send the dollar into a death spiral.

Following the crash of 1929 matters involving the movement of capital throughout the trans-Atlantic banking system soon enough provoked capital controls and extraordinarily problematic bank runs. Odds of a repeat performance sometime in the not-too-distant future being rather elevated, the Fed might finally get itself "ahead of the curve" if it acts, right now, to measure Bernanke for a straightjacket, as his "activist" insanity is likely to become quite acute and, indeed, dangerous.

Recent developments in Italy finding Goldman-educated fascist Monti losing his grip on the piggy bank only portend more unwanted upward pressure on the dollar in the lead up to early elections sometime in February for a new Shadow Greek Prime Minister who speaks Italian. The need for a dollar-denominated asset dump big enough to keep a sufficient sum of European capital frozen in the euro-tomb could be but one "fiscal cliff" away.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.

Wednesday, December 12, 2012

Let's be honest. Everything driving policy is subservient to the derivatives books of "too big to fail" titans of tyranny leveraging an historic mountain of debt on the thinnest of equity. Rather than move to unwind this extraordinarily problematic, destructive extortion whose effect (and purpose) cannibalizes the wealth generating capacity of the physical economy the world over, the Fed and Treasury are committed to perpetuating the illusion of this arrangement's legitimacy, this no matter how much further damage is meted through vain efforts attempting to "save" what otherwise is an imperial scam.

There is no discussion of the endgame wherein the physical economy is sure to grind to a standstill on account of gutted margins, whose consequence eventually will expose the financial economy to a revulsion making 2008 look like a church picnic. Meanwhile the feckless Fed busies itself conjuring new sophistries pretending its intentions are honorable, while its political motives are entirely overlooked as though its "independence" were doubtlessly unimpeachable. Yet you can be sure of this: today's additional $45 billion a month banking system subsidy could not wait until January. Not with capital gains taxes poised to increase back up to 20% from today's 15% should the Tax Relief Act of 2010 not be extended before Congress adjourns for the holiday next Friday.

So there you have it. Whether the market's throttling occurs before the end of the year—whether a run on bonds pressuring interest rates higher immediately commences—or is delayed until January probably largely depends on whether capital gains tax rates are set to irrevocably increase. As nothing is likely to be resolved before the 113th Congress is seated in January, a "better safe than sorry" sentiment very well could sweep over the market over coming days. (As far as an agreement on cutting the federal budget by $1.2 trillion over the next ten years being sealed before the 112th Congress adjourns, this is motivated by the Budget Control Act of 2011—the law serving the "Satan sandwich"—that the federal debt ceiling be automatically raised by $1.2 trillion without any further haggling. Sans this agreement, the debt ceiling will come into play again in February.)

Not once today—not once!—did the NYSE's advance-decline differential exceed yesterday's best. This is despite the NYSE Composite Index yet again gapping higher at the open, as well as more than doubling its gain following Capo Confetti's double down on the banking system's monthly subsidy. Furthermore, all of 20 more NYSE-listed issues were added to the new 52-week high-low differential today versus yesterday. This measure still is well-short of where it stood mid-October and a mile-and-a-half from its mid-September peak.

Seeing how sickly things are under the covers, I'm ready to name the NYSE "The New NASDAQ." We got the pump, now bring on the dump...

Still waiting for the 10-day moving average of the NYSE advance-decline differential to fall decidedly below its 200-day moving average. Once this occurs an avalanche of selling could quickly materialize, even before the end of the year. A negative reversal seeing major indexes closing 2012 lower than 2011 still remains a credible possibility.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.

Be Strong

Matthew 24:13

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